MUMBAI: The Indian rupee on Monday weakened along with its Asian peers as the fate of trade talks between the world’s two biggest economies was left in doubt after the US threatened to raise tariffs. At 9.02 am, the rupee was trading at 69.40 a dollar, down 0.26% from its previous close of 69.22. During the period, foreign investors bought $9.85 billion in equity and sold $320.10 million in the debt market. China Offshore was down 0.97%, China renminbi 0.75%, Indonesian rupiah 0.45%, Singapore dollar 0.32%, Philippines peso 0.27%, South Korean won 0.23%, Thai Baht 0.23%, South Korean won 0.2%, Malaysian ringgit 0.11%, Taiwan dollar 0.08%. The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.541, up 0.02% from its previous close of 97.52.

Source: Mint May 06, 2019 03:45 UTC